Whether you own a house, condominium or townhouse, for most people
their home is their most important investment. The Landmark Insurance
Agency of Delray Beach, FL offers Florida condominium insurance
policies that have flexibility to meet your individual needs and above all,
provide you with the security that comes only from the knowledge that
your condominium is safe.
Florida Condominium Owners Insurance
Insurance for your condo is one of the most popular
and important forms of personal insurance and the
typical Florida Condominium Insurance policy has
two main sections:
Section I - insurance coverage for your property
Section II - personal liability coverage (to cover you
in case of lawsuits arising from things that happen
on your property)
Condominium insurance is often required by lenders
to obtain a mortgage and nearly everyone, whether
you own or lease property, should have the protection
of condominium insurance.
Florida Condominium Insurance FAQ
Click on the link below to fill out a secure quote form
for Florida condominium insurance protection that will
provide excellent insurance coverage at an affordable
cost. Or you can speak with our Florida condominium
insurance specialist at (561) 496-2408 to discuss the
policy features in more detail.
We are a Delray Beach, FL insurance agency offering affordable Florida
condominium insurance policy premiums in the following cities and counties in
Florida: Boynton Beach, Gulf Stream, Boca Raton, Lantana, Rainbow Lakes,
Atlantis, Lake Worth, South Palm Beach, Palm Springs, Greenacres,
Wellington, Haverhill, Palm Beach, Golden Lakes, Riviera Beach, Glen Ridge,
West Palm Beach, Lake Park, Royal Palm Beach, Jupiter, Coral Springs, Fort
Lauderdale, Parkland, Coconut Creek, Margate, North Lauderdale, Lighthouse
Point, Hillsboro Beach, Deerfield Beach, The Hamptons, Highland Beach,
Weston, Plantation, Playland Isles, Melrose Park, Lauderhill, Sunrise, Tamarac,
Wilton Manors, Oakland Park, Lauderdale Lakes, Sea Ranch Lakes, Villages of
Oriole, Pompano Beach, Lauderdale-by-the-Sea, Boca West, Boca Pointe,
Juno Beach, North Palm Beach, Loxahatchee, Belle Glade, Palm Beach
Shores, South Miami, Cutler Ridge, Princeton, Perrine, Naranja, Homestead,
Florida City, Leisure City, Richmond Heights, Pinecrest, Howard, Coral Way
Village, Westchester, Westwood Lakes, Brownsville, Sweetwater, Key
Biscayne, North Bay Village, Miami Beach, Miami Springs, Virginia Gardens,
Hialeah, El Portal, Miami Shores, Medley, Indian Creek, Surfside, Bal Harbour,
North Miami, Biscayne Park, Pinewood Park, Opa Locka, Bunche Park, Hialeah
Gardens, Palm Springs North, Carol City, Norland, Ojus, Miami Lakes,
Biscayne Gardens, Hallandale, Sunny Isles Beach, Golden Beach, Aventura,
Uleta, Miramar, Pembroke Pines, North Miami Beach, Hallandale Beach, Ives
Estates, Pembroke Park, Coral Gables, Kendall, Dania Beach, Cooper City,
Davie, West Miami, Hollywood, Broward County, Martin County, Palm Beach
County, and Miami-Dade County, FL. We can also offer our Florida
condominium insurance coverage services throughout the Sunshine state,
including in Miami, Orlando, Tampa, St. Petersburg, Tallahassee, and
Jacksonville, FL.
Click on the link below to fill out a secure quote form for Florida condominium
insurance protection that will provide excellent insurance coverage at an
affordable cost. Or you can speak with our Florida condominium insurance
specialist at (561) 496-2408 to discuss the features in more detail.
**The information, pictures, and other content in this website about particular insurance
services is only provided for informational purposes. Any decisions regarding your
insurance needs should be discussed with a licensed insurance agent.
Personal liability in a Florida condominium insurance policy is also an important
part of having security from accidents that may occur on your property. We
suggest you choose coverage limits that are not less than those on other liability
insurance you own, such as car insurance.
Florida Condominium Insurance Policy FAQ
Covered losses under a Florida condominium insurance policy can be paid on either a
replacement cost basis or on an actual cash value basis. When "actual cash value" is
used, the policy owner is entitled to the depreciated value of the damaged property.
Therefore, the older the item is, the less money you may receive for it. If you choose
the "replacement cost" coverage, the Florida condominium insurance policy will
reinburse the amount it costs to replace the property with something of a similar type
and quality at current prices.
An "All Risks" policy provides the broadest Florida condominium insurance protection
because it will cover losses that are due to any peril except those specifically excluded
in the policy. A "Named Perils" policy covers losses that are due to only those perils
listed in the standard Florida Condominium Insurance policy and typically include fire,
hail, windstorm, and other physical losses.
Florida Condominium Insurance Policy FAQ
If your policy limit is less than 80% of the replacement cost of your condo, you will
face a "coinsurance penalty," which means you'll have out-of-pocket expenses to
cover costs beyond the policy deductible you chose. For example purposes we will
assume your condominium's estimated replacement value (RCV) is $100,000. The
co-insurance clause requires you carry at least $80,000 (80% of your RCV). If you
chose to purchase only a $40,000 Florida condominium insurance policy you would
be underinsured by half. Therefore, in the example the insurance company would
pay one-half of a loss less the policy deductible, so if you suffered a $10,000
covered loss to your condo and had a $500 deductible, your policy would only pay
$4,500.
Florida Condominium Insurance Policy FAQ
Replacement Cost or Actual Cash Value
Florida Condominium Insurance Policy FAQ
All Risks or Named Perils
Coinsurance Penalty
Personal Liability
Landmark Insurance Agency
4975 W. Atlantic Avenue
Delray Beach, FL 33445
Palm Beach County, Florida
(561) 496-2408
Fax: (561) 496-7740
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LANDMARK
Insurance Agency, Inc.
Your Florida Condo Insurance
Source Since 2000
Landmark Insurance Agency, Inc.
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